Out of state investing - Texas to Indiana

[William Espich]

Good morning everyone,

I currently live in Austin, Texas and operate a small exterior construction remodeling business. As most people know, our market is just over-saturated and crazy with investors and the prices are just too steep for some of us. I am interested in long-distance investing in the midwest and back in my home state of Indiana. I grew up in Northern Indiana (20-30 minutes south of South Bend in Plymouth, Indiana) and went to college in Indianapolis, so I am vaguely familiar with these areas. I have saved about $40k to put into real estate, whether that is - buy and hold (long term goal - very interested in the BRRRR) or starting out with flipping properties as I am more than happy to go back "home" and spend some time with family and friends. I have read basically every BP book that is out there and listened to hundreds of their podcast, so I am fairly educated when it comes to the bookwork side of investing, just super green on being an actual real estate investor.

What I am looking for is recommendations on; hard/private money lenders, wholesalers, flippers, contractors, and buy and hold investors for input on the market and any advice for a first-time investor.  I'm not asking for your secret to success or anything like that, I am simply wanting to connect with people who invest in that area and who are currently active/live in that area for any input.  I appreciate any feedback and responses and look forward to hopefully striking up a professional friendship with y'all.

[Daniel Guerra]

@William Espich 

Honestly William. I would stick with Texas since you're already there. Long distance investing is not impossible by any means but very tricky, especially for your first investment property. Texas is the number growing state in the USA. There's a ton of demand in your area.

Maybe partner with somebody that has the money. Easier said than done. 

I wish I was in Texas instead of Indiana. Nothing wrong with Indiana but you are in the actual Gold Rush.

Remember one thing though, if you can find the deals, then you will be a hot commodity in Texas. Figure out how to find deals or partner with someone that knows. Use your contracting experience to your advantage. Work something out with that Investor. I wish I can just come down there and help you.